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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC−0.0534%/8h= −58.4% APRpaid last 24h +0.013%
Price spread now: ApeX Omni against Bitget+0.009%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$340.339% of the position
Long on BitgetShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.074%+$7 on $10k
Price spread, last 3 days (all we have)+0.045%+$4 · spread now +0.009%, 7d avg +0.021%
Together, before fees+0.119%+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.074%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.074% in total (about 3.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget HYPEUSDT93.1710.0100pay 0.0050% / 4h2h 53m$225.5M$100.6M75x
ShortApeX Omni HYPEUSDT93.179−0.0434pay 0.0054% / 1h53m 24s$337K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$112.06
Price spread: +0.009% → +0.021%
−$1.25
Slippage, 4 orders
−$11.85
Fee Bitget: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$147.16
Costs to cover
0.339%
Break-even
never at this rate
Slippage from Bitget: live order book, 6 min ago; ApeX Omni: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 6 min ago0.70 bp8.1 bp −$812.8 bp −$128doesn't fitdoesn't fit
Sell ApeX Omni live order book, 1 min ago3.49 bp8.6 bp −$911.7 bp −$117doesn't fitdoesn't fit

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.1080%1h93.055−0.124%$196K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h92.982−0.203%$1.2M$3.9M10xas long as short
ApeX Omni HYPEUSDTshort−0.0434%1h93.179+0.009%$337K$1.1M50x
Backpack HYPE_USDC_PERP−0.0214%1h93.099−0.077%$7.8M$10.6M20xas long as short
Aftermath Perps HYPEUSD−0.0198%1h93.258+0.094%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0121%1h93.120−0.055%$702K$965K10xas long as short
01 Exchange HYPEUSD−0.0096%1h93.129−0.045%$84K$360K20xas long as short
Gate HYPE_USDT−0.0088%4h93.113−0.062%$44.1M$53.5M75xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.065−0.114%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0047%4h93.132−0.042%$158K$646K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0036%4h93.133−0.040%$8.9M$36.2M300xas long as short
Bluefin HYPE-PERP−0.0002%1h93.157−0.015%$79K$173K20xas long as short
dYdX HYPE-USD0.0000%1h93.184+0.014%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.112−0.063%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.170−0.001%$25K—150xas long as short
BingX HYPE-USDT+0.0016%4h93.154−0.018%—$54.1M—as long as short
Bybit HYPEUSDT+0.0024%8h93.160−0.012%$318.9M$282.2M75xas long as short
MEXC HYPE_USDT+0.0034%4h93.170−0.001%$85.8M$81.5M100xas long as short
Binance HYPEUSDT+0.0035%4h93.143−0.030%$378.8M$901.9M75xas long as short
Derive HYPE-PERP+0.0039%1h93.100−0.076%$16.2M$7.6M10xas long as short
edgeX HYPEUSDC+0.0059%4h93.202+0.033%$5.0M$29.7M30xas long as short
Phoenix HYPE+0.0060%1h93.190+0.020%$212K$1.2M10xas long as short
OKX HYPE-USDT-SWAP+0.0067%8h93.179+0.009%$115.0M$314.3M50xas long as short
Phemex HYPEUSDT+0.0072%8h93.170−0.001%$12.6M$2.7M50xas long as short
Bullet HYPE-USD+0.0075%1h93.126−0.049%$111K$578K20xas long as short
Aevo HYPE-PERP+0.0088%1h93.144−0.029%$396K$177K20xas long as short
Lighter HYPE+0.0096%1h93.121−0.053%$17.7M$59.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.112−0.063%$3.0M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.124−0.050%$64K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.135−0.038%$338K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.100−0.076%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.079−0.098%$6.5M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.185+0.015%$2.03B$669.1M10xas long as short
Pacifica HYPE+0.0100%1h93.124−0.050%$10.0M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.184+0.014%$45.9M$18.4M75xas long as short
Bitget HYPEUSDTlong+0.0100%4h93.171long leg$225.5M$100.6M75x
Variational Omni HYPE+0.0100%8h92.991−0.194%$30.4M$54.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.073−0.105%$7.5M$46.7M10xas long as short
StandX HYPE-USD+0.0100%1h93.076−0.102%$664K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.1710.000%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.158−0.014%$471K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.129−0.045%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.149−0.024%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.250+0.085%$203K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.086−0.091%$18.3M$44.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.090−0.087%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h92.930−0.259%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0145%4h93.121−0.054%$17.0M$12.1M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.144−0.029%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0252%8h93.172+0.001%$1.9M$5.2M2.3xas long as short
Reya HYPERUSDPERP+0.0253%1h93.163−0.009%$79K$142K15xas long as short
HTX HYPE-USDT+0.0303%4h93.298+0.136%$1.5M$6.1M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0334% / S −0.0158%1h93.162−0.010%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0651%1h93.264+0.100%$7.4M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0684%1h93.240+0.074%$20.8M$29.9M50xas long as short